BlockBeats News, May 25th, The New York Times reported that despite the U.S. nearing a deal with Iran to reopen the Strait of Hormuz, the resumption of passage for about 1,500 vessels stranded in the Persian Gulf for nearly three months will still face complex coordination, and global energy transport is unlikely to quickly return to normal in the short term.
The report stated that after the strait is truly reopened, shipping companies will still need to address issues such as vessel priority, permits for passage, route scheduling, and potential risks of water mines. Industry insiders estimate that even if the agreement is formally reached, it may take several weeks or even months to restore passage to the pre-war level of 130 ships per day.
As the Strait of Hormuz accounts for about one-fifth of global oil and gas transportation, slow logistics recovery also means that international energy prices are unlikely to fall rapidly in the short term. Jakob Larsen, Head of Security at the Baltic and International Maritime Council (BIMCO), stated that relevant authorities may need to implement speed limits and unified scheduling in the future to avoid the risk of collisions or groundings.
